RBS ready for more, BFCM floats return

15 Mar 2010

Royal Bank of Scotland and Banque Fédérative du Crédit Mutuel (BFCM) are readying senior unsecured deals today, as calm market conditions raised hopes of another busy week.

Bonds issued last week, the busiest since the beginning of the year, were all trading around re-offer or a few basis points tighter, with Bank of America’s paper trading 5bp tighter.

“The senior unsecured market is in good shape this morning,” said one investor. “We expect it to be ...

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